Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-28
THE STATE OF TRADE.
COpious Rains in the Wheat Regions
Make the Outlook More Favorable,
Nearly All Reports Hopeful
The Indications That the Inter State Com
mcrce Commission VIII Revoke ths
Suspension of Section Four.

NEW YORK, May PIT. q. Dun & Co.'S
Weekly Trade Review says the most i'm
portant news of the week is also the
best, that the crop prospects lave de-
cidedly improved. II view of the great
speculations in wheat snd cotton and the
false reports carefully circulated by in
terested parties, it is of service TO know
that our own agents telegraph from Wis
COnsIn that local rains have helped the
agricultural districts. In Minnesota rains
throughout the northwest have very
materially improved the crop prospects.
In Kansas the prospects are excellent for
large crops. The recent CCpiOus rains
have been of great benefit. From New
Orleans word comes that the crop pros
poets are generally good. The dispatches
from nearly sll quarters say this good
news for the whole country is enCourag-
ing.
The financial feature is slso affected oy
ury, amounting Tor TWO months
and twenty days to s8I, $40, 8G7
more than the receipts for the same Pc
riod Of the previous year. At the same
rate the Treasury must take from the
LuAIhGl1 a NClJ ltAl@ sum CNCtJ lllOALL.
After the last call for per cent. me-
tured, the Washington dispatches stated
the administration would purchase
bonds with great reluctance. The last
statement of New York banks showed
an increase of loans and reserves because
Mr.. MGll!Eg's new bank for the first
time concluded TO draw off the money to
meet the needs Of speculation.
Foreign commerce does not improve
The April imports exceeded the exports
by SIS, 973, 975, an excess equsled in one
month of 1882 after q partial failure
of crops, and in no other
month since 1872. New York exports
to May fall III per cent. below those of
last wear, with ne imports exceeding
those of last year by l7.3 per cent which
would foreShadOw an excess of about
S14, 900 900 in imports this month.
The prevailing specuations, rather
than the Interstate act, cause the decline
in exports, for shipments OF grain by,
lake and rail are made without regard To-
local rail rates. The inter state cons
merce commission has not yet revoked
its order Of suspension, but all informaS
ton tends TO the belief that it Will
do so, and all points to the rigid
enforcement of the act. Much. com
plaint is made even now for & Ale
for distance. The rule is not es5a 8her2.
enforced and in some cases TRANSFERS the
trade from large cities to small towns and
from eastern to interior cities. Th8Ereat
number of suits commenced and the dsaa-
plants filed indicate that the costs OF
transportation will be increased rather
than diminished. The earnings are still
large and encouraging, but the waT
Of rates in the northwest continues.
The contracts issued by the 81. Paul and
other roads are felt more severely every
week.
Accounts from nearly all quarters are
decidedly favorable. At Philadelphia
trade is lgnguid, and there is some com
plant of slow collections. At New Or
leans money is rather tight, and at Gin
cinnafi collections are fair, with room for
improvement, but other reports indicate
an active trade for the season and i good
supply of money for sill legitimate bust
ness. Collections are satisfactorily
prompt.
The coffee market after week OF ed
vsncement, declined sharply Yesterday,
and wheat gained little during the
week. The collapse OF the clique is by
many apprehended. Hogs and pork pro-
ducts, with cattle, were 8 shade lower,
and sugar, cotton and oil stronger. There
is no definite improvements the market
for wooden goods, and the great auction
sale of flsnnelS causes Hesitation, but the
markat for cation ia Aeavv and a. rOnp